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via economictimes.indiatimes.comMarkets

FPIs pull out Rs 52,100 crore from Indian equities in October so far

FROM THE WIRE · ECONOMICTIMES.INDIATIMES.COM

Foreign portfolio investors have withdrawn Rs 52,100 crore from Indian equities as of October this year. This follows a net withdrawal of Rs 35,861 crore in September, indicating ongoing financial retreat. Elevated crude oil prices, higher US bond yields, and a stronger dollar…

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishSuch large foreign outflows weigh on Indian equities, although temporary buying occurred on October 16.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Foreign portfolio investors have withdrawn Rs 52,100 crore from Indian equities as of October.
  2. 02The net withdrawal in September was Rs 35,861 crore.
  3. 03Elevated crude prices, higher US bond yields and a stronger dollar have hurt investor sentiment.

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